FTSE 100 rises after last week’s drop – live updates

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3) BA backer Qatar Airways secures £ 1.5bn state bailout: British Airways owner’s largest shareholder, IAG, won a Qatar bumper bailout program to cover its Covid losses. The deal follows Qatar Airways’ decision to increase its stake in the British company by an additional £ 450million earlier this year.4) Investors fear Wall Street chaos after U.S. election: Traders are prepared for long-term stock market volatility after the November presidential election if the outcome is challenged. Relying on postal votes in the pandemic makes it unlikely that a result can be announced overnight, and critics fear President Donald Trump will challenge a Biden victory.

5) Exclusive: FoI Laws Give Upper Crust Owner the Edge in Rail Rent Negotiations: Retail giant SSP has used freedom of information rules to effectively lower the rents it owes station operators, which will likely cost taxpayers millions.

What happened during the night

CChinese stocks pushed Asian markets higher on Monday, although sentiment was still cautious ahead of a US presidential debate and as a spike in new cases of coronavirus has sapped hopes of a global economic recovery.

The largest MSCI index of Asia-Pacific stocks outside of Japan rose 0.5% to 550.47, but still within reach of a two-month low of 543.66 hit the last week.

The index is expected to end the month in the red after three straight monthly gains as the pandemic continues to wreak economic havoc around the world and sparks investor concern over sky-high valuations.

Chinese stocks opened higher and helped support Asian markets after a tentative start, with the blue-chip CSI 300 index rising 0.85%. Shanghai’s ESS climbed 0.5 pc.

Encouragingly, data over the weekend showed Chinese industrial company profits rose for the fourth consecutive month in August, in part thanks to a rebound in prices for raw materials and equipment manufacturing.

Elsewhere, Japan’s Nikkei rose 0.75%, partly on a lower yen, while South Korea’s KOSPI index gained 1.1%.

Coming today

Intermediate results:

Reach

Economy:

Joint UK-EU Brexit Meeting



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